Lenders are seeking fixes to a proposal by the Consumer Financial Protection Bureau that would allow institutions to repay points and fees that inadvertently exceeded the "qualified mortgage" rule.

The agency unveiled a plan in April that would give lenders 120 days after closing to review a loan to ensure it doesn't exceed a 3% points-and-fees cap. If an overage is discovered, the lender must refund the overage amount to the borrower.

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